When external benefits are present, the market price is ________, however when external costs are present, the market price is ________.
Fill in the blank(s) with the appropriate word(s).
Answer: too high; too low
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What will be an ideal response?
Pollution is an example of a
A) negative externality B) positive externality. C) private cost. D) public good.
The manager of the bank where you work tells you that your bank has $10 million in excess reserves. She also tells you that the bank has $400 million in deposits and $375 million dollars in loans. Given this information you find that the reserve requirement must be
a. 10/400. b. 25/400. c. 35/400. d. 15/400.
What is the recommended treatment for a muscle spasm in the lower leg?
A. Alternate hot and cold B. Pain medication C. Physical therapy D. Stretch the muscle